The key is this: "Some of the United States' closest allies -- including Japan, South Korea and India -- import a considerable amount of their oil supply from Iran." China imports large amount Iran oil. Oh, by way India and China are paying gold for oil. The Iran banking restriction created a shortage of US dollars..

They key is......Obama is getting scared of the rising fuel prices and their impact on his reelection. So he releases some of the sanctions on Iran so that the oil can flow and although it will not stop the increase in fuel costs here, it may at least slow the increase a bit till his reelection!

Also, ya think Israel is gonna be happy about this? Another insult to them. I surely hope that EVERY Jewish person in the US that is eligible to vote chooses the Republican Candidate.